After watching this video, you will realize that trading is the best option to change your life!…
Morning Forex report: February 15
The yen is continuing to rise after comments of the Japan finance minister. Mr. Aso said that yen’s strength is not enough to require intervention. On the daily chart, we can see that the USD/JPY managed to hit the support of 106.70. The next crucial level is 105, if the yen reaches it, the BOJ will have to start worrying.
January jobs report could not affect the Australian dollar a lot. Employment Change is higher than expected but much less than previous one by 17.5K. Unemployment Rate is the same as expected at 5.5% but also less than previous one. On the 4-hour chart, we can see that the Australian dollar lost some points but could return its positions and now it is continuing to grow. The resistance is at 0.7995.
It is the fourth day when the US Dollar Index Futures is falling. So it positively affects the rates of other currencies. Now the US dollar is depreciating against all reserve currencies and three commodity currencies: the New Zealand dollar, the Australian dollar, and the Canadian dollar. Yesterday the US Consumer Price Index was released, although the figures were bigger than expected, it did not help the dollar, but maybe today Producer Price Index data can support the greenback because the forecast is positive as well. Let’s wait until 3:30 pm MT time.
The Chinese market is on holidays from today to Wednesday, February 21. So no data is expected next week.
Despite Jerome's Powell hawkish speech, the greenback fell on Tuesday as investors returned to investment in risk assets…
In this video, we discuss the possible scenarios of prices movement after the FED meetings tomorrow!…
Gold is about to break the most significant support. The US dollar index keeps gaining momentum. However, the situation might change this week, and we might see a tiny correction. Investors might return to risk-on and push the US stock market indices and cryptocurrencies to the upside. These and more trade ideas are in our new weekly video! Do not miss it!
This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.
This week, the majors will be affected by the interest rate decision by the Federal Reserve, NFP, the BOE Meeting, and more events.